Faraday Future signs term sheet to sell RobotCo to AIxCrypto for US$200 million

By Public Technologies
  • AIxCrypto Holdings signed a non-binding term sheet to buy Faraday Future Intelligent Electric’s robotics unit RobotCo for USD 200 million.
  • Consideration would be paid in AIxCrypto common stock and non-voting convertible preferred stock, subject to a shareholder-approval conversion blocker.
  • Per-share pricing is set at the lower of USD 2.246 or the five-day average close before signing definitive agreements.
  • If priced below USD 2.246, AIxCrypto plans a one-time conditional special stock dividend tied to the pricing gap.
  • Closing is conditioned on internal restructuring into RobotCo, audited financials, key employee retention, approvals, and no material adverse change.


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